Transaction
proceeds will be used to fund research and development projects in
India.
Sydney,
Australia and Indianapolis, IN, USA -- Equities First Holdings,
LLC (EFH), a provider of alternative shareholder financing, and its
Australian subsidiary, Equities First Holdings (Australia) Pty Ltd
(EFH/A) are pleased to announce that EFH has entered into a
transaction with Environmental Clean Technologies Limited (ECT) to
provide funding to be used in the development of major projects in
India.
ECT,
which is listed on the Australian Stock Exchange under the ticker
symbol ASX: ESI, is a Melbourne-based company that specializes in
engineering R&D and commercialisation of leading-edge coal
beneficiation and iron-making technologies.
The
funding ECT received from EFH will be used to help fund a $30 million
research and development facility in India.
"ECT
is an innovative company with a solid management team in place, and a
well-laid-out plan for future success," Al Christy, Jr.,
President and CEO of Equities First Holdings, LLC, said. "EFH is
proud to be able to provide the funding necessary to help ECT meets
its financial goals and continue the work of cracking the code of
emerging energy and minerals technologies."
Equities
First Holdings (Australia) Pty Ltd is based in Sydney and operates
satellite offices in Melbourne and Perth. The company holds an
Australian Financial Services License (Reference Number: 387079).
Glenn
Fozard, Chairman of ECT commented, "ECT recognizes that EFH is
the global leader in securities based lending and having them
involved to help fund our Indian project is essential to keeping the
outcomes on-track and on-time. The Australian EFH team conducted
themselves with professionalism and integrity and have been a great
support is setting up this transaction."
About
Equities First Holdings
Since
2002, Equities First Holdings, LLC (EFH) has provided clients with
alternative financing by lending capital secured by publicly traded
stock, to enable clients to meet their personal and professional
financial goals. EFH provides capital against shares traded on public
exchanges around the world. The company has completed more than 700
transactions since its founding, which offer customers high
loan-to-value at low fixed interest rates.
EFH
is a global company with offices in nine countries, including wholly
owned subsidiaries Equities First (London) Limited, Equities First
Holdings Hong Kong Limited, Equities First Holdings Singapore
Limited, and Equities First Holdings (Australia) Pty Ltd. For more
information, visit, http://www.equitiesfirst.com.
DISCLAIMER
This
release is intended for informational use only, and does not
constitute an offer, stated or implied, of any type. Equities First
Holdings, LLC and all of its subsidiaries work exclusively with
individuals classified as sophisticated investors. The Equities First
Holdings platform is not intended for retail investors.
Media
Contact:
Brandon
Russell
+1-317-429-3500
